Question 1

Will taxpayers have to file two returns, for AY 2026-27 and for Tax Year 2026-27?

Accepted Answer

Every employer (other than an officer of a Government entity) liable to pay tax under section 3 must obtain a certificate of registration; every other liable person must obtain a certificate of enrolment. Both obligations were newly inserted as section 3A by Meghalaya Act No. 15 of 2022. Threshold: Every employer liable to pay tax under section 3 must apply for registration WITHIN NINETY DAYS of becoming liable; the assessing authority must grant the certificate within thirty days of receiving a complete application. An applicant with establishments in both State Government and Autonomous District Council jurisdictions must apply separately to each authority. Fee basis: no registration or enrolment fee is prescribed in the Act or the 2022 Amendment Rules as read; the Act prescribes interest and penalties instead Deadline: Registration application within ninety days of becoming liable (section 3A(4)(a)); certificate granted within thirty days (section 3A(4)(c)). A registered person who fails to pay tax on or before the last day of the month following the quarter pays interest at 12 per cent per annum for the period of default, with no interest if at least 90 per cent of the tax payable was paid by the due date (section 12(5)). Statute: The Meghalaya Professions, Trades, Callings and Employments Taxation Act (Assam Act VI of 1947 as adapted and amended by Meghalaya), as amended by the Meghalaya Professions, Trades, Callings and Employments Taxation (Amendment) Act, 2022 (Meghalaya Act No. 15 of 2022) The Gazette of Meghalaya Extraordinary No. 166 of 27 September 2022, Part IV, carrying Meghalaya Act No. 15 of 2022 (assented 23 September 2022), was read in full from the department's own server at meggst.gov.in, and the Meghalaya Trades, Callings and Employment (Amendment) Rules 2022 notification No. ERTS (T) 122/2021/Pt I/33 dated 18 January 2023 was read in full on meghalaya.gov.in. Registration is in Form IA with an annexed Form Ia listing each proprietor, partner, director and employee with designation, estimated gross annual income and estimated annual tax. Evasion penalty was changed by section 6 of the 2022 Act from a Rs 500 fine plus imprisonment to a fine of FOUR TIMES the tax sought to be evaded. NOTE the jurisdictional split that matters in Meghalaya: professional tax is collected by the Autonomous District Councils in their own areas, not by the State, so an employer with places of work on both sides files twice. No registration fee is prescribed anywhere in the Act or Rules read, so none is asserted.

Question 2

Indirect tax — state specifics — Meghalaya

Accepted Answer

Meghalaya used to be a ten-lakh state and is not one any more. Its GST Act was enacted in 2017 with a ten lakh rupee registration threshold, and the 2019 amendment Act replaced the word ten with twenty. Both figures were read at source, which is why this is now settled rather than inferred. Threshold: Aggregate turnover in a financial year exceeding Rs 20,00,000 (twenty lakh rupees). Section 22(1) as enacted read ten lakh rupees; section 11 of the 2019 Amendment Act substituted the word twenty for the word ten in the last line of sub-section (1). Fee basis: GST registration carries no fee; the operative Meghalaya-specific figure is the section 22(1) registration threshold, recorded below Slabs: Section 22(1) registration threshold as originally enacted in 2017 (superseded) — INR 1000000; Section 22(1) registration threshold as substituted by the Meghalaya GST (Amendment) Act, 2019 - the current figure — INR 2000000 Statute: The Meghalaya Goods and Services Tax Act, 2017 (Meghalaya Act No. 10 of 2017, assented 15 June 2017, published in the Gazette of Meghalaya Extraordinary 19 June 2017), as amended by The Meghalaya Goods and Services Tax (Amendment) Act, 2019 (Meghalaya Act No. 10 of 2019, assented 9 October 2019, gazetted 15 October 2019, Notification No.LL(B).28/2017/723), and by further amendment Acts of 2021, 2022, 2023, 2024 and two in 2025 UPGRADED FROM UNAVAILABLE TO VERIFIED. The earlier note was right that no registration FEE exists - GST registration is free under the central framework - but it stopped there and missed the divergence that actually matters to a Meghalaya client, the registration threshold. Both figures were read on government hosts: section 22(1) as enacted, in the Meghalaya GST Act 2017 PDF on meghalaya.gov.in, and the substitution, in the gazetted Meghalaya GST (Amendment) Act, 2019 on the Taxation Departments own meggst.gov.in. The same amendment Act also omitted the explanation in clause (iii) after section 22(4), and inserted a separate-registration proviso for Special Economic Zone units in section 25. Six later amendment Acts are published on the same page (2021, 2022, 2023, 2024 with a corrigendum, and two in 2025) and were NOT opened, so a later change to section 22 cannot be ruled out.

Question 3

Documents required for Company Income Tax Return

Accepted Answer

Audited financial statements for the year - the balance sheet as at 31 March 2026 and the statement of profit and loss, with the schedules behind them. A company on Ind AS gives the Ind AS versions; the form carries a separate Part A-BS - Ind AS and Part A-P&L - Ind AS for them. The figures are keyed into the return, not attached to it (FORM ITR-6 (AY 2026-27), Part A-BS 'BALANCE SHEET AS ON 31ST DAY OF MARCH, 2026 OR AS ON THE DATE OF AMALGAMATION' and Part A-P&L; Part A-BS - Ind AS '[applicable for a company whose financial statements are drawn up in compliance to the Indian Accounting Standards specified in Annexure to the Companies (Indian Accounting Standards) Rules, 2015]'); Tax audit report under section 44AB (Form 3CA/3CB with Form 3CD), where the company is liable - e-filed separately by the accountant. The return records its date of furnishing, its ACKNOWLEDGEMENT NUMBER, the name of the auditor (proprietorship/firm) and that firm's PAN (FORM ITR-6 (AY 2026-27), AUDIT INFORMATION A20(b)-(c): 'Whether liable for audit under section 44AB? ... If (b) is Yes, whether the accounts have been audited by an accountant? ... (1) Date of furnishing of audit report (2) Acknowledgement Number of the Audit Report (3) Name of the auditor (proprietorship/firm) (4) Permanent Account Number (PAN) of the proprietorship/ firm'); Transfer pricing audit report under section 92E, where the company is liable, with its date of furnishing and acknowledgement number (FORM ITR-6 (AY 2026-27), AUDIT INFORMATION A20(di)-(dii): 'Are you liable for Audit u/s 92E?' and 'If (di) is Yes, whether the accounts have been audited u/s. 92E? ... Date of furnishing audit report? DD/MM/YYYY ... Acknowledgement Number'); Any other audit report required under the Income-tax Act, with the section code, the date of furnishing and the acknowledgement number for each (FORM ITR-6 (AY 2026-27), AUDIT INFORMATION A20(diii): 'If liable to furnish other audit report under the Income-tax Act, mention whether have you furnished such report. If yes, please provide the details as under: Sl. No. | Section Code | Date (DD/MM/YYYY) | Acknowledgement Number'); Form 10-IB, 10-IC or 10-ID, where the company has opted or is opting for taxation under section 115BA, 115BAA or 115BAB - the return needs the assessment year the option was first exercised, and the date of filing and acknowledgement number of that form (FORM ITR-6 (AY 2026-27), Part A-GEN (e): 'Have you opted for taxation under section 115BA/115BAA/115BAB? ... If yes, please furnish the AY in which said option is exercised for the first time along with date of filing of relevant form (10-IB/ 10-IC/ 10-ID) & acknowledgment number. If no, whether you are choosing to opt for taxation under section 115BA/115BAA/115BAB this year? ... Please provide the date of filing of relevant form (10-IB/10-IC/10-ID) & acknowledgment number.'); Tax computation and the supporting schedules - advance tax and self-assessment tax challans, and TDS and TCS credit particulars, reconciled against Form 26AS / AIS. The challan and deduction details are entered in the return's tax-payment schedules; no certificate or challan is attached (FORM ITR-6 (AY 2026-27), Part B-TTI and Schedules TDS/TCS (ScheduleTDS2, ScheduleTDS3 and the TCS schedule in the Department's schema for the year)); Particulars of every Managing Director, director, secretary and principal officer who held office during the year, and of the person verifying the return - name, designation, residential address, PAN or Aadhaar number, and DIN issued by MCA for each director (FORM ITR-6 (AY 2026-27), KEY PERSONS A23: 'Particulars of Managing Director, Directors, Secretary and Principal officer(s) who have held the office during the previous year and the details of eligible person who is verifying the return. | S.No. | Name | Designation | Residential Address | PAN/Aadhaar No. | Director Identification Number (DIN) issued by MCA, in case of Director'); Particulars of every beneficial owner of 10% or more of the voting power at any time during the year - name, address, percentage held and PAN (FORM ITR-6 (AY 2026-27), SHAREHOLDERS INFORMATION A24: 'Particulars of persons who were beneficial owners of shares holding not less than 10% of the voting power at any time of the previous year | S.No. | Name and Address | Percentage of shares held | PAN'); The company's Corporate Identity Number (CIN) issued by MCA, its date of incorporation and its date of commencement of business (FORM ITR-6 (AY 2026-27), Part A-GEN, PERSONAL INFORMATION: '(A4) Corporate Identity Number (CIN) issued by MCA', '(A5) Date of incorporation (DD/MM/YYYY)', '(A6) Date of commencement of business (DD/MM/YYYY)'); Udyam registration number under the MSMED Act 2006, where the company is recognised as an MSME; and an LEI number with its valid-upto date, where the refund claimed is Rs 50 crore or more (FORM ITR-6 (AY 2026-27), Part A-GEN (r) 'Legal Entity Identifier (LEI) details (mandatory if refund is 50 Crores or more) | LEI Number | Valid upto date' and (s) 'Whether you are recognized as MSME? ... If yes, please provide registration number allotted as per MSMED Act, 2006'); Digital Signature Certificate of the person verifying the return - understood to be the only permitted verification method for a company, though see the note (Income-tax Rules 1962, rule 12(3) - NOT READ AT SOURCE. Previously cited to the Instructions to Form ITR-6 for AY 2021-22: 'This Return Form can be filed with the Income-tax Department electronically ... and verified by way of digital signature only')

Will taxpayers have to file two returns, for AY 2026-27 and for Tax Year 2026-27?

Professional Tax Registration — Meghalaya

Indirect tax — state specifics — Meghalaya

Documents required for Company Income Tax Return

Professional Tax Registration — Andhra Pradesh

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